My monthly NW estimate has been updated in NetWorthShare for the end of February. Chart is in the side-bar.
Stocks and managed fund investments increased slightly during this past month, up $3,999 (1.37%) to have $296,660 net equity in my geared share portfolios. This change is affected by some cash movements noted below. I have no clear view of how stock markets may perform over the next 1, 5, 10 years - there appear to be plenty of potential risks (aging demographics in many countries, increasing inflation, hence increasing cash rates, reduction in globalization, war in Ukraine, war spreading beyond Ukraine, conflict over Taiwan, impacts of global warming (direct effects, and/or costs of mitigation of impacts or decarbonization of economies), ongoing pandemic impacts, etc.) but the timing and scale of their impacts are unclear.
Our estimated house price for February (my half) rose $10,634 (0.90%) to $1,163,409. Prices rises have dropped off rapidly, with the overall Sydney market declining slightly in February, and our suburb showing little price appreciation during the month.
The value of my retirement savings decreased again during February to $1,450,028 (down -$32,094 or -2.17%) as it is invested in the Vanguard High Growth fund, which tracked the decline in US and Australian stock markets during February. Overall, my estimated NW decreased to $3,245,647 by the end of February - down by $16,685 (-0.51%).
I received an insurance payment for the replacement value of two firearms that were damaged beyond repair when my garage was inundated during a severe storm a few years ago. This added $9,035 to my 'Stocks' figure (as my bank account balance is included in the overall share portfolio valuation). On the other hand a quarterly PAYG tax instalment of $9,744was paid from our SMSF bank account at the end of February, reducing our SMSF valuation and hence my Retirement savings figure (my share of our SMSF is currently around 71%). I also decided to make a spouse superannuation contribution of $3,000 into DWs super - I will get an 18% tax rebate ($540) on the contribution.
My father received an inheritance of around $25,000 from his Aunt who passed away last year at age 104. He is in the process of renovating his farm property at the moment (intending to sell it and move into the lake house he gave me several years ago, where I pay the rates and insurance, so my parents living expenses should reduce considerably). I had lent him $5,000 last year to pay for some of the renovations, so he used part of his inheritance money to repay me, which also added to my Stocks figure. Hopefully they sell the property before rural real estate prices in NSW start to decline.
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